Feature

Big Dippers

RICHARD GIESEN, the co-manager of the Munder Small-Cap Value Fund, has trouble finding believers when preaching the virtues of his kind of value investing. The reason: its parent, Munder Capital Management of Detroit, runs the country's largest Internet fund, Munder NetNet.

"Even today, it's hard to get a broker to think of us in any other context than that of the NetNet fund -- although, regionally, we're known for a broad array...